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Remodeled Apartment Complex
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Pending

1480 Parkwood Ave, Ypsilanti, MI 48198

Completely remodeled 11-unit apartment complex with private in-unit washer and dryer and updated kitchens and baths.

Property SizeContact for details
Days on Market148

Property Features for 1480 Parkwood Ave

General Information

Standard status Pending
Property subtype Multifamily
Occupancy 100%

Additional Details

Multifamily Units 11

Amenities

private washer and dryer
new kitchen with granite and stainless-steel appliances
marble baths
parking lot
landscaping
Listing Agency: Resource Realty Group
Listed By: Larry Gotcher · License #MI MI
Source: Crexi
Added: Apr 12 Changed: Aug 23 Last Checked: Sep 4 at 1:47PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Resource Realty Group

Investment Insights

Based on property information with market context.

This completely remodeled apartment complex includes 10 two-bedroom, one-bath apartments and one additional studio unit. Updates include a new roof, parking lot, landscaping, boiler, flooring, and fresh interior and exterior paint. Units are occupied and each includes a private washer and dryer, along with new kitchens featuring granite and stainless-steel appliances and marble baths.

Landlord pays gas and water, while tenants pay electric. The property is located at 1480 Parkwood Ave in Ypsilanti, Michigan.

The mix of apartment sizes provides flexibility across the existing residential income configuration, with one studio unit in addition to the ten two-bedroom apartments.

Key Highlights

  • Completely remodeled 11‑unit apartment complex with 10 two‑bedroom units and 1 studio unit
  • New roof, parking lot, landscaping, boiler, flooring, and fresh interior and exterior paint
  • Each unit includes private in‑unit washer and dryer

Property Analytics

Current Use

Parkwood Apartments Apartment Building

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Building Supply HVAC Service Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

11
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

282
Businesses Nearby

Demographics for 48198, MI

40,067
Population
17,379
Households
2.3
Avg Household Size
36
Median Age
35%
College-Educated
92%
High-School Grad
33.4 sq mi
ZIP Area
1,200
Density / Sq Mi
$63,678
Median Household Income
$36,671
Median Earnings
$1,197
Median Rent
$178,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Completely remodeled 11-unit apartment complex with private in-unit washer and dryer and updated kitchens and baths.
Where is this apartment building located?
The property is located at 1480 Parkwood Ave Ypsilanti, MI.
What are key features of this property?
This property features: Completely remodeled 11‑unit apartment complex with 10 two‑bedroom units and 1 studio unit; New roof, parking lot, landscaping, boiler, flooring, and fresh interior and exterior paint; Each unit includes private in‑unit washer and dryer
(734) 732-3789 Call to check price and availability
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